Suppose that in 2018 Company A in Germany reported that they produced 20M worth of manufacturing equipment

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Suppose that in 2018 Company A in Germany reported that they produced 20M worth of manufacturing equipment that was sold to other companies. Upon later review of their books they discover that while they produced 20M worth of elevator equipment, only 15M of it was sold in 2018. The remaining 5M wasn't sold until 2019

How this revision would change overall reported nominal GDP for 2018 and 2019.

Posted Date: May 06, 2024 03:06 AM

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Suppose that in 2018 Company A in Germany reported that they produced 20M worth of manufacturing equipment

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The revision in Company As reported sales of manufacturing equipment would impact the overall ... View the full answer

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